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Illustration: Alltech Corporation on January 1, 2017, issues $100,000 of 5% bonds due in 5 years with interest payable annually at year-end. The current market

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Illustration: Alltech Corporation on January 1, 2017, issues $100,000 of 5% bonds due in 5 years with interest payable annually at year-end. The current market rate of interest for bonds of similar risk is 6%. What will the buyers pay for this bond issue

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